Borr Drilling - Board/Management Information 2020

Borr Drilling Limited - Appointment of Magnus Vaaler as CFO

Borr Drilling Limited (the "Company") (NYSE and OSE: "BORR") is pleased to

announce the appointment of Mr. Magnus Vaaler as its new Chief Financial

Officer, replacing Mr. Christoph Bausch with effect from 28 December 2020.

Patrick Schorn, Chief Executive Officer, commented:

"I am pleased to announce Magnus as the new Chief Financial Officer of Borr

Drilling. Magnus has been with the company since 2018 and has taken increasing

responsibility in our finance team in the past year. We are confident that this

succession plan provides continuity and stability in this period where we are

working with key stakeholders to complete our financial restructuring and

strengthening our liquidity profile. I also want to thank Christoph for his

strong contribution to Borr Drilling during this critical time and wish him well

in pursuing his other interests."

Magnus Vaaler, CFO designate said

"I am honoured that the Board has appointed me to succeed Christoph as Chief

Financial Officer. We have a world class business with high quality people, a

young and modern fleet and strong client relationships. There are short term

challenges in the industry, but we have a strong dedicated team working to

ensure that Borr Drilling overcomes these."

Mr. Vaaler currently serves as VP of Investor Relations and Treasury in the

Company. He brings many years of financial and offshore industry experience

though seven years as Treasurer and VP Finance in Frontline Ltd. and three years

as VP Finance in Offshore Merchant Partners. Mr. Vaaler holds a Bachelor of

Commerce degree from University College Dublin.

Hamilton, Bermuda

27 December 2020

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

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